National Bank of Canada (NA) Given New C$69.00 Price Target at Scotiabank

National Bank of Canada (TSE:NA) had its price target boosted by Scotiabank from C$68.00 to C$69.00 in a research report sent to investors on Monday. They currently have a sector perform rating on the financial services provider’s stock.

Other equities analysts have also recently issued research reports about the company. Canaccord Genuity boosted their target price on National Bank of Canada from C$60.00 to C$62.00 in a research report on Thursday, August 31st. CIBC boosted their target price on National Bank of Canada from C$62.00 to C$68.00 in a research report on Monday, November 13th. Desjardins boosted their target price on National Bank of Canada from C$62.00 to C$64.00 in a research report on Monday. CSFB boosted their target price on National Bank of Canada from C$59.00 to C$61.00 in a research report on Monday. Finally, TD Securities boosted their target price on National Bank of Canada from C$60.00 to C$61.00 and gave the stock a hold rating in a research report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of C$64.50.

National Bank of Canada (TSE:NA) traded down C$0.07 during midday trading on Monday, reaching C$63.64. The company’s stock had a trading volume of 1,583,672 shares, compared to its average volume of 1,085,307. National Bank of Canada has a 52 week low of C$51.41 and a 52 week high of C$64.37.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, December 27th will be paid a dividend of $0.60 per share. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.58. This represents a $2.40 annualized dividend and a dividend yield of 3.77%. National Bank of Canada’s payout ratio is 41.82%.

In other news, insider Jean Dagenais sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of C$58.45, for a total transaction of C$584,500.00. Also, insider Elaine Marchand sold 6,100 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of C$59.50, for a total value of C$362,950.00. In the last three months, insiders have bought 16,900 shares of company stock worth $988,018 and have sold 16,900 shares worth $968,706.

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